[Resolved]  Policy Bazaar — investment plans

Address:Gurgaon, Haryana, 201308

This is in reference to booking id:[protected]

I have purchased one of the investment plans cum life insurance from policy bazaar. The sales person assured me that the plan can be cancelled within 30 days and in this case full refund will be provided.

I cancelled the policy on 17th feb 2019 and on 19th feb'19 confirmation mail received from concerned company that policy has been withdrawn and refund has been initiated and will take 10-12 days to get the amount credited to your account.

Further policy bazaar kept denying about the refund initiation but on 3rd march'19, i received a mail from policy bazaar that refund has been initiated and will be credited to your account within 10-15days.

I spoken to so many customer care team but they provided misleading information even after providing the document mails received from their side.

Finally its been approximately 50 days but i have not received my refund back. They are truly shameless people who are breaching the trust of the people.

Insurance is taken on the foundation of trust that in bad times there will be a help but this kind of act will lead to the breach of trust that these people will never let the money comes in need.

Regards,
Manish kumar
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May 5, 2019
Complaint marked as Resolved 
Policy Bazaar customer support has been notified about the posted complaint.
Verified Support
Apr 04, 2019
Policy Bazaar Customer Care's response
Dear Manish,

Greetings from Policybazaar.com!

We apologize for the inconvenience caused to you regarding refund.

We tried to reach you on your registered mobile number ending with @3162, to discuss about your HDFC_Life:Click 2 Wealth - WOP (Application Number:[protected] policy.

Please be informed that as per updates from Insurance company your refund has been initiated.

Please note that you will receive refund within 10-12 working days.

Rest is assured, this is the maximum time we are requesting you to wait as it includes the bank processing time too.

In case you need any further assistance or clarification, please feel free to revert to this mail or call us on our toll free #[protected].

Thanks & Regards,
Diksha
PolicyBazaar.com
Apr 10, 2019
Updated by Aryan03162
It's been approximately 2 months when I cancelled my policy but no action has been taken so far.

PolicyBazaar is just mocking the trust of the customer.

It's really disheartening to see such kind of harassment.
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